Many entrepreneurs in Nevada choose to form Limited Liability Companies (LLCs) because they offer limited liability protection, flexible management, and potential tax advantages.
This guide simplifies establishing an LLC in Nevada, offering step-by-step instructions for
starting your new business.
#1: Name your Nevada LLC
#2: Pick a Registered Agent
#3: Submit Articles of Organization
#4: Get a Certificate From The State
#5: Make an Operating Agreement
#6: Obtain an Employer Identification Number
#7. Submit Yearly Reports
Step#1: Name your Nevada LLC
When starting your business, ensure that your LLC name includes “Limited Liability Company” and differs from other registered business names. You can use Nevada’s Business Portal to check name availability; avoid names similar to those of government agencies (such as the State Department, CIA, and FBI). Specific terms (like bank, lawyer, attorney) may require additional paperwork.
Get a website and social media:
If your new LLC still needs an online presence, it’s time to make one. After you’ve set up your Nevada LLC, it’s important to let people know about your business.
Having a website and social media profiles lets customers connect with you. It’s also a chance to show your expertise and gain trust in your industry.
Additional Consideration :
Website domain: Even if you plan on having a website later, it’s wise to check if the name you want is available online. You can buy the domain name now to keep it for later.
Reserve your name: If you’re worried someone else might take your LLC name before you’re ready to register, you can hold onto it for a bit. In Nevada, you can do this for up to 90 days by paying a small fee and filling out a form.
Step #2: Pick a Registered Agent
In Nevada, you must pick an individual to receive legal documents for your LLC. This designated person is called a Registered Agent and is responsible for obtaining documents such as legal notices on behalf of your LLC. Your registered agent can be yourself, an employee of your LLC, or a company offering this service. A Registered agent should:
- Be reliable and efficient.
- Be a person living in Nevada or a business approved to operate in the state.
- Be available during business hours to receive documents.
You can see the list of registered agents on the Nevada Secretary of State’s website.
Step #3: Submit Articles of Organization
Completing the Articles of Organization is essential when initiating an LLC in Nevada. This document has all the necessary details about your business to the state and formalizes its establishment. This form requests the following information:
- The name of your business
- The name, address, and signature of your registered agent (they agree to take legal papers for your LLC)
- How your LLC will be managed (by managers or members)
- The name and address of every manager or managing member
- If your LLC will end on a specific date, mark that, too
- Signature of the person sending the papers
The state provides you with a packet with all the necessary papers to start an LLC in Nevada. You can send these papers online or by mail. The filing fee is $75.
Here’s where to mail your papers:
Secretary of State
Commercial Recordings Division
202 N. Carson St.
Carson City, NV 89701-4201
Step #4: Get a Certificate From The State
Once your LLC’s paperwork is filed and approved, the state will give you a certificate. This certificate allows you to get an Employer Identification Number (EIN), business licenses, and open a business bank account.
Step #5: Make an Operating Agreement
Although Nevada doesn’t require an operating agreement, having one is essential for your business. A written operating agreement serves multiple purposes, including resolving disputes over finances and other matters that could lead to legal proceedings. This agreement ensures that decisions follow state laws instead of being customized for your LLC and its members.
This agreement considers the input of all members, addressing significant decisions and minor details alike. You may wish to include various provisions, such as
- How members or managers will run your Nevada LLC
- How the LLC will divide profits and losses
- Who gets to vote on decisions
- What each member is responsible for.
An agreement can clarify essential choices and avoid arguments later on. Nevada’s SilverFlume portal can help you make one online for free.
Step #6: Obtain an Employer Identification Number
When starting an LLC in Nevada, obtaining an Employer Identification Number (EIN) is essential This unique number, given by the Internal Revenue Service (IRS), helps separate your business and personal finances.
An EIN is necessary for several financial activities, including opening a bank account, obtaining funding, acquiring credit cards, and accessing other financial tools required for your business.
An EIN helps you to
- File and deal with taxes for state and federal
- Open a business bank account
- Hire Employees.
Step #7. Submit yearly reports
Each year, all Nevada LLCs and out-of-state LLCs permitted to operate in the state must submit an annual report. This report, known as the “annual list” by the state, includes details about the LLC’s leaders, directors, and registered agents. The initial report is submitted along with the LLC’s formation documents, while subsequent reports are due annually on the LLC’s setup anniversary date. For instance, if you established your LLC in May, the report must be filed by the end of May each year. The filing fee is $150, and you can complete the process online via Silverflume or by mail.
Use this guide to start your business in Nevada and get going fast. These steps can make setting up your LLC in Nevada easier and quicker.
LLC State Guides
FAQs About How To Start an LLC in Nevada
How much does it cost to start an LLC in Nevada?
Starting an LLC in Nevada costs $75. If you want it done quickly, you pay $125 extra for a 24-hour service. You must also pay for the annual list ($150) and a business license ($200).
Is a business license required in Nevada?
Yes. All businesses operating in Nevada must have a state business license from the Nevada Secretary of State.
Do foreign companies pay higher fees than domestic companies when they form LLCs in Nevada?
No. Both foreign and domestic businesses pay the same filing fee, $75 or $125.
Can a company from another country operate in Nevada?
Yes, a company from another country can operate in Nevada.
Can I create a professional LLC in Nevada?
Yes. You can establish a professional limited liability company (LLC) in Nevada. Examples of professional services are architects, lawyers, dentists, CPAs, and others.
